Corporate Alert: Engro Foods reports an EPS of 0.24 for the half year ended June 30, 2017

Engro Foods announced Financial Results for the year half year ended June 30, 2017.

The company’s Net Sales for the period decreased by 22 percent, whereas the Profit after Taxation for the Period also decreased 91 percent.

The board issued no dividend for the period; the company issued no right or bonus shares.

Company’s dividend for the quarter stood at -0.19 against 2.56 for the same quarter last year.                                                                                                                  

Comparison of Key Financials:

Condensed Interim Profit and Loss Account – For the half year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Sales

18,004,707

23,100,030

-22%

Cost of Sales

14,879,230

16,722,581

-11%

Gross Profit

3,125,477

6,377,449

-51%

Operating Expenses

2689799

3,237,061

-17%

Other Income

147,618

56,177

163%

Operating Profit

583,296

3,196,565

-82%

Finance Costs

221,857

213,647

4%

Profit before Taxation

361,439

2,982,918

-88%

Taxation

175,845

1,021,588

-83%

Profit/(loss) for the period

185,594

1,961,330

-91%

Profit Available for appropriation

778,813

7,833,798

-90%

Earnings/(Loss) per share – basic and diluted

0.24

2.56

-91%

 

The complete statements can be accessed here.

Posted on: 2017-08-11T14:17:00+05:00